🇪🇺 🇺🇸 Capital is fleeing America for Europe.
US outflows are fueling Europe’s surge.
🔸 European equity funds attracted a record $17.5bn while US faced outflows
🔸 European stocks have outperformed Wall Street in 2025 and 2026
🔸 Euro-denominated international debt reached 24.6%
🔸 Euro debt issuance surged ~30% in 2025
This is happening before Europe completes its financial architecture.
If the EU delivers its promised Single Market reforms by end-2027, these flows could multiply.